It was a victory parade – without the victory. They came in their hundreds of thousands, joyful, singing, praying, a great packed mass of Egypt, suburb by suburb, village by village, waiting patiently to pass through the "people's security" checkpoints, draped in the Egyptian flag of red, white and black, its governess eagle a bright gold in the sunlight. Were there a million? Perhaps. Across the country there certainly were. It was, we all agreed, the largest political demonstration in the history of Egypt, the latest heave to rid this country of its least-loved dictator. Its only flaw was that by dusk – and who knew what the night would bring – Hosni Mubarak was still calling himself "President" of Egypt.

...

There were several elements about this unprecedented political event that stood out. First was the secularism of the whole affair. Women in chadors and niqabs and scarves walked happily beside girls with long hair flowing over their shoulders, students next to imams and men with beards that would have made Bin Laden jealous. The poor in torn sandals and the rich in business suits, squeezed into this shouting mass, an amalgam of the real Egypt hitherto divided by class and regime-encouraged envy. They had done the impossible – or so they thought – and, in a way, they had already won their social revolution.

And then there was the absence of the "Islamism" that haunts the darkest corners of the West, encouraged – as usual – by America and Israel. As my mobile phone vibrated again and again, it was the same old story. Every radio anchor, every announcer, every newsroom wanted to know if the Muslim Brotherhood was behind this epic demonstration. Would the Brotherhood take over Egypt? I told the truth. It was rubbish. Why, they might get only 20 per cent at an election, 145,000 members out of a population of 80 million.

A crowd of English-speaking Egyptians crowded round me during one of the imperishable interviews and collapsed in laughter so loud that I had to bring the broadcast to an end. It made no difference, of course, when I explained on air that Israel's kindly and human Foreign Minister, Avigdor Lieberman – who once said that "Mubarak can go to hell" – might at last get his way, politically at least. The people were overwhelmed, giddy at the speed of events.

So was I. There I was, back on the intersection behind the Egyptian Museum where only five days ago – it feels like five months – I choked on tear gas as Mubarak's police thugs, the baltigi, the drug addict ex-prisoner cops, were slipped through the lines of state security policemen to beat, bludgeon and smash the heads and faces of the unarmed demonstrators, who eventually threw them all out of Tahrir Square and made it the Egyptian uprising. Back then, we heard no Western support for these brave men and women. Nor did we hear it yesterday.

..Amazingly, there was little evidence of hostility towards America although, given the verbal antics of Barack Obama and Hillary Clinton these past eight days, there might have well been. One almost felt sorry for Obama. Had he rallied to the kind of democracy he preached here in Cairo six months after his investiture, had he called for the departure of this third-rate dictator a few days ago, the crowds would have been carrying US as well as Egyptian flags, and Washington would have done the impossible: it would have transformed the now familiar hatred of America (Afghanistan, Iraq, the "war on terror", etc) into the more benign relationship which the US enjoyed in the balmy 1920s and 1930s and, indeed, despite its support for the creation of Israel, into the warmth that existed between Arab and American into the 1960s.

But no. All this was squandered in just seven days of weakness and cowardice in Washington – a gutlessness so at odds with the courage of the millions of Egyptians who tried to do what we in the West always demanded of them: to turn their dust-bowl dictatorships into democracies. They supported democracy. We supported "stability", "moderation", "restraint", "firm" leadership (Saddam Hussein-lite) soft "reform" and obedient Muslims.

This failure of moral leadership in the West – under the false fear of "Islamisation" – may prove to be one of the greatest tragedies of the modern Middle East. Egypt is not anti-Western. It is not even particularly anti-Israeli, though this could change. But one of the blights of history will now involve a US president who held out his hand to the Islamic world and then clenched his fist when it fought a dictatorship and demanded democracy.

About my coverage of Japan Earthquake of March 11

I am Japanese, and I not only read Japanese news sources for information on earthquake and the Fukushima Nuke Plant but also watch press conferences via the Internet when I can and summarize my findings, adding my observations.

About This Site

Well, this was, until March 11, 2011. Now it is taken over by the events in Japan, first earthquake and tsunami but quickly by the nuke reactor accident. It continues to be a one-person (me) blog, and I haven't even managed to update the sidebars after 5 months... Thanks for coming, spread the word.------------------This is an aggregator site of blogs coming out of SKF (double-short financials ETF) message board at Yahoo.

Along with commentary on day's financial news, it also provides links to the sites with financial and economic news, market data, stock technical analysis, and other relevant information that could potentially affect the financial markets and beyond.

Disclaimer: None of the posts or links is meant to be a recommendation, advice or endorsement of any kind. The site is for information and entertainment purposes only.